Y-mAbs Q2 2023 Earnings Report
Key Takeaways
Y-mAbs reported DANYELZA net product revenues of $20.8 million for the quarter ended June 30, 2023, representing an increase of 112% over the comparable period of 2022. The company's cash and cash equivalents are expected to support operations into 2026.
DANYELZA net product revenues increased by 112% compared to the same quarter last year.
International revenues included $3.5 million from a China commercial launch inventory stocking order.
DANYELZA has been delivered to 56 centers across the U.S., a sequential increase of 6% since the first quarter of 2023.
Net loss for the second quarter ended June 30, 2023, was $6.3 million, compared to a net loss of $41.1 million for the quarter ended June 30, 2022.
Y-mAbs
Y-mAbs
Forward Guidance
Management reiterates its full year 2023 financial guidance, as updated on May 8, 2023.